The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the U.S. dollar at Rs. 44.4988 and the euro at Rs. 64.3968, as against Rs. 44.4595 per dollar and Rs. 64.6250 per euro on Monday.
In a press release issued by the RBI, the exchange rates for the pound and yen against the rupee were quoted at Rs. 71.2470 per pound and Rs. 54.90 per 100 yen, based on reference rates for the U.S. dollar and cross-currency quotes at noon.
The reference rate is based on the noon rates of select banks in Mumbai and the SDR-rupee rate would be based on this rate, the release added.
Keywords: currency value